Exhibit 99.1
J. C. PENNEY COMPANY, INC.
(Debtor-in-Possession)
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Month Ended | Eight Months Ended | |||||||||||||||
(In millions) | October 3, 2020 | October 5, 2019 | October 3, 2020 | October 5, 2019 | ||||||||||||
Total net sales | $ | 528 | $ | 652 | $ | 3,668 | $ | 6,568 | ||||||||
Credit income and other | 27 | 38 | 236 | 306 | ||||||||||||
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Total revenues | 555 | 690 | 3,904 | 6,874 | ||||||||||||
Costs and expenses/(income): | ||||||||||||||||
Cost of goods sold (exclusive of depreciation and amortization shown separately below) | 384 | 408 | 2,575 | 4,301 | ||||||||||||
Selling, general and administrative (SG&A) | 180 | 263 | 1,423 | 2,319 | ||||||||||||
Depreciation and amortization | 43 | 42 | 416 | 374 | ||||||||||||
Real estate and other, net | — | — | (8 | ) | (3 | ) | ||||||||||
Restructuring and management transition | 5 | — | 229 | 32 | ||||||||||||
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Total costs and expenses | 612 | 713 | 4,635 | 7,023 | ||||||||||||
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Operating income/(loss) | (57 | ) | (23 | ) | (731 | ) | (149 | ) | ||||||||
Other components of net periodic pension cost/(income) | (9 | ) | (4 | ) | 36 | (35 | ) | |||||||||
(Gain) / loss on extinguishment of debt | — | — | — | (1 | ) | |||||||||||
Net interest expense | 30 | 21 | 210 | 195 | ||||||||||||
Loss due to discontinuance of hedge accounting | — | — | 77 | — | ||||||||||||
Reorganization items, net | 22 | — | 168 | — | ||||||||||||
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Income/(loss) before income taxes | (100 | ) | (40 | ) | (1,222 | ) | (308 | ) | ||||||||
Income tax expense/(benefit) | — | 1 | (66 | ) | 8 | |||||||||||
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Net income/(loss) | $ | (100 | ) | $ | (41 | ) | $ | (1,156 | ) | $ | (316 | ) | ||||
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Note: The financial statements presented are internal monthly financial statements within a fiscal quarter, do not include certain quarterly adjustments and other important explanatory notes, and have not been audited or reviewed by any independent public accounting firm. Quarterly financial statements are subject to internal controls over financial reporting performed only with respect to quarterly financial statements. Consequently, these monthly financial statements may be subject to future reconciliation or adjustments to conform to generally accepted accounting principles or reporting requirements of the SEC and may not be representative of our financial position or indicative of future operating results or cash flows.
J. C. PENNEY COMPANY, INC.
(Debtor-in-Possession)
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In millions) | October 3, 2020 | October 5, 2019 | February 1, 2020 | |||||||||
Assets | ||||||||||||
Current assets: | ||||||||||||
Cash in banks and in transit | $ | 219 | $ | 137 | $ | 108 | ||||||
Cash short-term investments | 633 | 8 | 278 | |||||||||
Restricted cash | 491 | — | — | |||||||||
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Cash, cash equivalents and restricted cash | 1,343 | 145 | 386 | |||||||||
Merchandise inventory | 1,841 | 2,789 | 2,166 | |||||||||
Prepaid expenses and other | 605 | 275 | 174 | |||||||||
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Total current assets | 3,789 | 3,209 | 2,726 | |||||||||
Property and equipment, net | 3,073 | 3,549 | 3,488 | |||||||||
Operating lease assets | 783 | 921 | 998 | |||||||||
Prepaid pension | 42 | 172 | 120 | |||||||||
Other assets | 631 | 657 | 657 | |||||||||
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Total assets | $ | 8,318 | $ | 8,508 | $ | 7,989 | ||||||
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Liabilities and stockholders’ equity | ||||||||||||
Current liabilities: | ||||||||||||
Merchandise accounts payable | $ | 275 | $ | 1,145 | $ | 786 | ||||||
Other accounts payable and accrued expenses | 847 | 876 | 931 | |||||||||
Current operating lease liabilities | — | 83 | 68 | |||||||||
Debtor-in-possession financing | 900 | — | — | |||||||||
Current portion of long-term debt, net | 1,256 | 147 | 147 | |||||||||
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Total current liabilities | 3,278 | 2,251 | 1,932 | |||||||||
Noncurrent operating lease liabilities | — | 1,083 | 1,108 | |||||||||
Long-term debt | — | 3,843 | 3,574 | |||||||||
Deferred taxes | 40 | 123 | 116 | |||||||||
Other liabilities | 248 | 357 | 430 | |||||||||
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Total liabilities not subject to compromise | 3,566 | 7,657 | 7,160 | |||||||||
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Liabilities subject to compromise | 5,052 | — | — | |||||||||
Stockholders’ (deficit) equity | ||||||||||||
Common stock | 161 | 159 | 160 | |||||||||
Additional paid-in capital | 4,721 | 4,723 | 4,723 | |||||||||
Reinvested earnings/(accumulated deficit) | (4,824 | ) | (3,717 | ) | (3,667 | ) | ||||||
Accumulated other comprehensive income/(loss) | (358 | ) | (314 | ) | (387 | ) | ||||||
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Total stockholders’ (deficit) equity | (300 | ) | 851 | 829 | ||||||||
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Total liabilities and stockholders’ (deficit) equity | $ | 8,318 | $ | 8,508 | $ | 7,989 | ||||||
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Note: The financial statements presented are internal monthly financial statements within a fiscal quarter, do not include certain quarterly adjustments and other important explanatory notes, and have not been audited or reviewed by any independent public accounting firm. Quarterly financial statements are subject to internal controls over financial reporting performed only with respect to quarterly financial statements. Consequently, these monthly financial statements may be subject to future reconciliation or adjustments to conform to generally accepted accounting principles or reporting requirements of the SEC and may not be representative of our financial position or indicative of future operating results or cash flows.
J. C. PENNEY COMPANY, INC.
(Debtor-in-Possession)
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ (DEFICIT) EQUITY
(Unaudited)
(In millions) | Number of Common Shares | Common Stock | Additional Paid-in Capital | Reinvested Earnings/ (Accumulated Deficit) | Accumulated Other Comprehensive Income/(Loss) | Total Stockholders’ (Deficit)/ Equity | ||||||||||||||||||
February 1, 2020 | 320.5 | $ | 160 | $ | 4,723 | $ | (3,667 | ) | $ | (387 | ) | $ | 829 | |||||||||||
Net income/(loss) | — | — | — | (1,056 | ) | — | (1,056 | ) | ||||||||||||||||
Discontinuance of hedge accounting | — | — | — | — | 64 | 64 | ||||||||||||||||||
Other comprehensive income/(loss) | — | — | — | — | (35 | ) | (35 | ) | ||||||||||||||||
Stock-based compensation and other | 2.2 | 1 | (2 | ) | (2 | ) | — | (3 | ) | |||||||||||||||
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September 5, 2020 | 322.7 | 161 | 4,721 | (4,725 | ) | (358 | ) | (201 | ) | |||||||||||||||
Net income/(loss) | — | — | — | (100 | ) | — | (100 | ) | ||||||||||||||||
Stock-based compensation and other | 0.1 | — | — | 1 | — | 1 | ||||||||||||||||||
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October 3, 2020 | 322.8 | $ | 161 | $ | 4,721 | $ | (4,824 | ) | $ | (358 | ) | $ | (300 | ) | ||||||||||
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(In millions) | Number of Common Shares | Common Stock | Additional Paid-in Capital | Reinvested Earnings/ (Accumulated Deficit) | Accumulated Other Comprehensive Income/(Loss) | Total Stockholders’ Equity | ||||||||||||||||||
February 2, 2019 | 316.1 | $ | 158 | $ | 4,713 | $ | (3,373 | ) | $ | (328 | ) | $ | 1,170 | |||||||||||
ASC 842 (Leases) and ASU 2018-02 (Stranded Taxes) adoption | — | — | — | (26 | ) | 53 | 27 | |||||||||||||||||
Net income/(loss) | — | — | — | (275 | ) | — | (275 | ) | ||||||||||||||||
Other comprehensive income/(loss) | — | — | — | — | (39 | ) | (39 | ) | ||||||||||||||||
Stock-based compensation and other | 1.7 | 1 | 8 | (1 | ) | — | 8 | |||||||||||||||||
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September 7, 2019 | 317.8 | 159 | 4,721 | (3,675 | ) | (314 | ) | 891 | ||||||||||||||||
Net income/(loss) | — | — | — | (41 | ) | — | (41 | ) | ||||||||||||||||
Stock-based compensation and other | 0.6 | — | 2 | (1 | ) | — | 1 | |||||||||||||||||
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October 5, 2019 | 318.4 | $ | 159 | $ | 4,723 | $ | (3,717 | ) | $ | (314 | ) | $ | 851 | |||||||||||
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Note: The financial statements presented are internal monthly financial statements within a fiscal quarter, do not include certain quarterly adjustments and other important explanatory notes, and have not been audited or reviewed by any independent public accounting firm. Quarterly financial statements are subject to internal controls over financial reporting performed only with respect to quarterly financial statements. Consequently, these monthly financial statements may be subject to future reconciliation or adjustments to conform to generally accepted accounting principles or reporting requirements of the SEC and may not be representative of our financial position or indicative of future operating results or cash flows.
J. C. PENNEY COMPANY, INC.
(Debtor-in-Possession)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Month Ended | Eight Months Ended | |||||||||||||||
(In millions) | October 3, 2020 | October 5, 2019 | October 3, 2020 | October 5, 2019 | ||||||||||||
Cash flows from operating activities: | ||||||||||||||||
Net income/(loss) | $ | (100 | ) | $ | (41 | ) | $ | (1,156 | ) | $ | (316 | ) | ||||
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: | ||||||||||||||||
Restructuring and management transition | (17 | ) | — | 145 | 20 | |||||||||||
Reorganization items, net | — | — | 17 | — | ||||||||||||
Net (gain)/loss on sale of non-operating assets | — | — | — | (1 | ) | |||||||||||
Net (gain)/loss on sale of operating assets | — | — | — | 2 | ||||||||||||
Discontinuance of hedge accounting | — | — | 77 | — | ||||||||||||
(Gain)/loss on extinguishment of debt | — | — | — | (1 | ) | |||||||||||
Depreciation and amortization | 43 | 42 | 416 | 374 | ||||||||||||
Benefit plans | (7 | ) | (5 | ) | 49 | (41 | ) | |||||||||
Stock-based compensation | — | 1 | (2 | ) | 9 | |||||||||||
Deferred taxes | 1 | 1 | (66 | ) | 1 | |||||||||||
Change in cash from: | ||||||||||||||||
Inventory | (36 | ) | (275 | ) | 326 | (352 | ) | |||||||||
Prepaid expenses and other assets | (64 | ) | 29 | (421 | ) | (82 | ) | |||||||||
Merchandise accounts payable | 18 | 112 | (16 | ) | 298 | |||||||||||
Income taxes | — | (1 | ) | — | (1 | ) | ||||||||||
Accrued expenses and other | 95 | (50 | ) | (1 | ) | (92 | ) | |||||||||
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Net cash provided by/(used in) operating activities | (67 | ) | (187 | ) | (632 | ) | (182 | ) | ||||||||
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Cash flows from investing activities: | ||||||||||||||||
Capital expenditures | (8 | ) | (22 | ) | (57 | ) | (197 | ) | ||||||||
Proceeds from sale of non-operating assets | — | — | — | 1 | ||||||||||||
Proceeds from sale of operating assets | 7 | — | 10 | 14 | ||||||||||||
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Net cash provided by/(used in) investing activities | (1 | ) | (22 | ) | (47 | ) | (182 | ) | ||||||||
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Cash flows from financing activities: | ||||||||||||||||
Proceeds from debtor-in-possession financing | — | — | 450 | — | ||||||||||||
Proceeds from borrowings under the credit facility | — | 314 | 2,727 | 1,275 | ||||||||||||
Payments of borrowings under the credit facility | — | (52 | ) | (1,471 | ) | (1,013 | ) | |||||||||
Payments of finance leases and note payable | — | — | (1 | ) | (1 | ) | ||||||||||
Payments of long-term debt | — | (60 | ) | (19 | ) | (86 | ) | |||||||||
Debtor-in-possession financing fees | — | — | (50 | ) | — | |||||||||||
Proceeds from stock issued under stock plans | — | — | — | 1 | ||||||||||||
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Net cash provided by/(used in) financing activities | — | 202 | 1,636 | 176 | ||||||||||||
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Net increase/(decrease) in cash, cash equivalents and restricted cash | (68 | ) | (7 | ) | 957 | (188 | ) | |||||||||
Cash, cash equivalents and restricted cash at beginning of period | 1,411 | 152 | 386 | 333 | ||||||||||||
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Cash, cash equivalents and restricted cash at end of period | $ | 1,343 | $ | 145 | $ | 1,343 | $ | 145 | ||||||||
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Note: The financial statements presented are internal monthly financial statements within a fiscal quarter, do not include certain quarterly adjustments and other important explanatory notes, and have not been audited or reviewed by any independent public accounting firm. Quarterly financial statements are subject to internal controls over financial reporting performed only with respect to quarterly financial statements. Consequently, these monthly financial statements may be subject to future reconciliation or adjustments to conform to generally accepted accounting principles or reporting requirements of the SEC and may not be representative of our financial position or indicative of future operating results or cash flows.
September 2020 Sales by Store Group # of Stores >=1.10mm $31 22 1.05 1.10mm $6 6 1.00 1.05mm $6 6 0.95 1.00mm $12 12 0.90 0.95mm $8 9 0.85 0.90mm $19 22 Sales 0.80 0.85mm $25 30 2020 0.75 0.80mm $22 28 0.70 0.75mm $15 21 0.65 0.70mm $20 30 0.60 0.65mm $31 50 September 0.55 0.60mm $37 65 by 0.50 0.55mm $35 66 0.45 0.50mm $30 64 0.40 0.45mm $37 87 Grouped 0.35 0.40mm $33 88 0.30 0.35mm $29 89 Stores 0.25 0.30mm $19 69 0.20 0.25mm $9 39 0.15 0.20mm $5 30 0.10 0.15mm $0 1 0.05 0.10mm $0 2 0.00 0.05mm $0 9 <0.00mm ($0) 1 $ $5 $10 $15 $20 $25 $30 $35 $40 Aggregate Store Group September 2020 Sales ($ in mm) September 2020 4 Wall EBITDA(1) by Store Group # of Stores >=0.35mm $0 1 0.30 0.35mm $ EBITDA 0.25 0.30mm $1 3 Wall 4 0.20 0.25mm $0 2 2020 0.15 0.20mm $1 8 September 0.10 0.15mm $2 20 by Grouped 0.05 0.10mm $7 98 0.00 0.05mm $7 341 Stores (0.05) 0.00mm ($5) 236 <(0.05)mm ($13) 137 ($30) ($25) ($20) ($15) ($10) ($5) $ $5 $10 Aggregate Store Group September 2020 4 Wall EBITDA ($ in mm) (1) 4 Wall EBITDA is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs. Monthly 4 Wall EBITDA numbers do not reflect certain allocations made only on an annual basis. September 2020 Operating Profit(1) by Store Group # of Stores >=0.35mm $0 1 0.30 0.35mm $1 2 Profit 0.25 0.30mm $1 2 Operating 0.20 0.25mm $2 7 2020 0.15 0.20mm $4 21 September 0.10 0.15mm $6 49 by 0.05 0.10mm $12 176 Grouped 0.00 0.05mm $8 331 Stores (0.05) 0.00mm ($4) 186 <(0.05)mm ($6) 71 ($10) ($5) $ $5 $10 $15 Aggregate Store Group September 2020 Operating Profit ($ in mm) (1) Operating Profit is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs.
September 2020 Controllable Expense(1) by Store Group # of Stores 182 >=0.08mm $19 103 0.07 0.08mm $8 Expense 0.06 0.07mm 101 $7 Controllable 0.05 0.06mm $7 120 2020 0.04 0.05mm $6 126 0.03 0.04mm $3 93 September 0.02 0.03mm $2 77 by Grouped 0.01 0.02mm $1 37 Stores 0.00 0.01mm $0 2 <0.00mm ($0) 5 ($5) $ $5 $10 $15 $20 Aggregate Store Group September 2020 Controllable Expense ($ in mm) (1) Controllable expenses include store salaries, facilities expenses and utilities expenses, among others. September 2020 Noncontrollable Expense(1) by Store Group # of Stores >=0.08mm $14 123 0.07 0.08mm $4 50 Expense 0.06 0.07mm $5 74 0.05 0.06mm $5 96 0.04 0.05mm $6 125 Noncontrollable 0.03 0.04mm $6 173 2020 0.02 0.03mm $3 131 September 0.01 0.02mm $1 45 by Grouped 0.00 0.01mm $0 10 Stores <0.00mm ($0) 19 ($2) $ $2 $4 $6 $8 $10 $12 $14 $16 Aggregate Store Group September 2020 Noncontrollable Expense ($ in mm) (1) Noncontrollable expenses include expenses relating to marketing, display, maintenance and repairs, among others. September 2020 Gross Margin by Store Group # of Stores >=0.40mm $4 8 0.35 0.40mm $5 13 Margin 0.30 0.35mm $5 16 Gross 0.25 0.30mm $10 35 2020 0.20 0.25mm $15 69 September 0.15 0.20mm $27 155 by Grouped 0.10 0.15mm $30 238 Stores 0.05 0.10mm $21 263 0.00 0.05mm $1 36 <0.00mm ($0) 13 ($5) $ $5 $10 $15 $20 $25 $30 $35 Aggregate Store Group September 2020 Gross Margin ($ in mm)
September 2019 Sales by Store Group # of Stores >=1.10mm $150 111 1.05 1.10mm $23 21 1.00 1.05mm $20 20 0.95 1.00mm $17 18 0.90 0.95mm $21 23 Sales 0.85 0.90mm $31 36 0.80 0.85mm $39 47 2019 0.75 0.80mm $31 40 0.70 0.75mm $35 48 0.65 0.70mm $30 44 September 0.60 0.65mm $29 46 by 0.55 0.60mm $24 42 0.50 0.55mm $24 46 0.45 0.50mm $20 42 Grouped 0.40 0.45mm $16 39 0.35 0.40mm $19 50 Stores 0.30 0.35mm $11 35 0.25 0.30mm $8 29 0.20 0.25mm $14 62 0.15 0.20mm $7 39 0.10 0.15mm $1 6 0.05 0.10mm $ 0.00 0.05mm $0 2 <0.00mm $ $ $20 $40 $60 $80 $100 $120 $140 $160 Aggregate Store Group September 2019 Sales ($ in mm) September 2019 4 Wall EBITDA(1) by Store Group # of Stores >=0.35mm $2 4 0.30 0.35mm $2 6 EBITDA 0.25 0.30mm $4 15 Wall 4 0.20 0.25mm $6 26 2019 0.15 0.20mm $9 55 September 0.10 0.15mm $14 113 by 0.05 0.10mm $15 209 Grouped 0.00 0.05mm $8 311 Stores (0.05) 0.00mm ($1) 84 <(0.05)mm ($4) 23 ($5) $ $5 $10 $15 $20 Aggregate Store Group September 2019 4 Wall EBITDA ($ in mm) (1) 4 Wall EBITDA is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs. Monthly 4 Wall EBITDA numbers do not reflect certain allocations made only on an annual basis. September 2019 Operating Profit(1) by Store Group # of Stores >=0.35mm $6 14 Profit 0.30 0.35mm $5 15 0.25 0.30mm $8 30 Operating 0.20 0.25mm $9 38 2019 0.15 0.20mm $18 102 September 0.10 0.15mm $19 152 by Grouped 0.05 0.10mm $16 223 0.00 0.05mm $6 226 Stores (0.05) 0.00mm ($1) 34 <(0.05)mm ($2) 12 ($5) $ $5 $10 $15 $20 Aggregate Store Group September 2019 Operating Profit ($ in mm) (1) Operating Profit is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs.
September 2019 Controllable Expense(1) by Store Group # of Stores 441 >=0.08mm $54 66 0.07 0.08mm $5 Expense 77 0.06 0.07mm $5 66 Controllable 0.05 0.06mm $4 35 2019 0.04 0.05mm $2 0.03 0.04mm 70 September $2 by 0.02 0.03mm $2 77 Grouped 0.01 0.02mm $0 13 Stores 0.00 0.01mm $0 1 <0.00mm $ $ $10 $20 $30 $40 $50 $60 Aggregate Store Group September 2019 Controllable Expense ($ in mm) (1) Controllable expenses include store salaries, facilities expenses and utilities expenses, among others. September 2019 Noncontrollable Expense(1) by Store Group # of Stores >=0.08mm $52 402 Expense 0.07 0.08mm $6 76 0.06 0.07mm $4 61 0.05 0.06mm $4 75 Noncontrollable 0.04 0.05mm $3 77 2019 0.03 0.04mm $3 80 September 0.02 0.03mm $2 64 by Grouped 0.01 0.02mm $0 6 Stores 0.00 0.01mm $0 2 <0.00mm ($0) 3 ($10) $ $10 $20 $30 $40 $50 $60 Aggregate Store Group September 2019 Noncontrollable Expense ($ in mm) (1) Noncontrollable expenses include expenses relating to marketing, display, maintenance and repairs, among others. September 2019 Gross Margin by Store Group # of Stores >=0.40mm $83 159 0.35 0.40mm $25 68 Margin 0.30 0.35mm $28 86 Gross 0.25 0.30mm $29 105 2019 0.20 0.25mm $27 120 September 0.15 0.20mm $19 110 by 0.10 0.15mm $12 101 Grouped 0.05 0.10mm $7 88 Stores 0.00 0.05mm $0 7 <0.00mm ($0) 2 ($10) $ $10 $20 $30 $40 $50 $60 $70 $80 $90 Aggregate Store Group September 2019 Gross Margin ($ in mm)
September 2020 YTD Sales by Store Group # of Stores >=4.40mm $966 176 4.20 4.40mm $103 24 4.00 4.20mm $102 25 3.80 4.00mm $186 48 3.60 3.80mm $141 38 Sales 3.40 3.60mm $129 37 3.20 3.40mm $119 36 YTD 3.00 3.20mm $131 42 2020 2.80 3.00mm $130 45 2.60 2.80mm $118 44 2.40 2.60mm $152 61 2.20 2.40mm $99 43 September 2.00 2.20mm $141 67 by 1.80 2.00mm $108 57 1.60 1.80mm $75 44 1.40 1.60mm $45 30 Grouped 1.20 1.40mm $21 16 1.00 1.20mm $11 10 Stores 0.80 1.00mm $1 1 0.60 0.80mm $1 1 0.40 0.60mm $ 0.20 0.40mm $0 1 0.00 0.20mm $ <0.00mm $ $ $200 $400 $600 $800 $1,000 $1,200 Aggregate Store Group September 2020 YTD Sales ($ in mm) September 2020 YTD 4 Wall EBITDA(1) by Store Group # of Stores >=0.70mm $31 36 0.60 0.70mm $28 43 EBITDA 0.50 0.60mm $30 55 Wall 0.40 0.50mm $42 92 4 YTD 0.30 0.40mm $31 88 2020 0.20 0.30mm $23 91 September 0.10 0.20mm $16 102 by Grouped 0.00 0.10mm $5 87 (0.10) 0.00mm ($3) Stores 67 <(0.10)mm ($76) 185 ($100) ($80) ($60) ($40) ($20) $ $20 $40 $60 Aggregate Store Group September 2020 YTD 4 Wall EBITDA ($ in mm) (1) 4 Wall EBITDA is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs. Monthly 4 Wall EBITDA numbers do not reflect certain allocations made only on an annual basis. September 2020 YTD Operating Profit(1) by Store Group # of Stores >=0.70mm $134 142 0.60 0.70mm $47 73 Profit 0.50 0.60mm $54 98 Operating 0.40 0.50mm $43 96 YTD 2020 0.30 0.40mm $29 81 0.20 0.30mm $23 93 September 0.10 0.20mm $13 87 by Grouped 0.00 0.10mm $3 56 Stores (0.10) 0.00mm ($2) 47 <(0.10)mm ($33) 73 ($60) ($40) ($20) $ $20 $40 $60 $80 $100 $120 $140 $160 Aggregate Store Group September 2020 YTD Operating Profit ($ in mm) (1) Operating Profit is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs.
September 2020 YTD Controllable Expense(1) by Store Group # of Stores 11 >=0.80mm $12 11 0.70 0.80mm $8 Expense 25 0.60 0.70mm $16 99 Controllable 0.50 0.60mm $54 YTD 0.40 0.50mm $65 148 2020 180 0.30 0.40mm $62 September 0.20 0.30mm $50 199 by 147 0.10 0.20mm $22 Grouped 0.00 0.10mm $2 26 Stores <0.00mm $ $ $10 $20 $30 $40 $50 $60 $70 Aggregate Store Group September 2020 YTD Controllable Expense ($ in mm) (1) Controllable expenses include store salaries, facilities expenses and utilities expenses, among others. September 2020 YTD Noncontrollable Expense(1) by Store Group # of Stores >=0.80mm $87 71 Expense 0.70 0.80mm $31 42 0.60 0.70mm $40 62 Noncontrollable 0.50 0.60mm $48 88 YTD 0.40 0.50mm $56 124 2020 0.30 0.40mm $58 165 September 0.20 0.30mm $46 185 by 0.10 0.20mm 105 $18 Grouped 0.00 0.10mm $0 4 Stores <0.00mm $ $ $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 Aggregate Store Group September 2020 YTD Noncontrollable Expense ($ in mm) (1) Noncontrollable expenses include expenses relating to marketing, display, maintenance and repairs, among others. September 2020 YTD Gross Margin by Store Group # of Stores >=4.00mm $ 3.50 4.00mm $7 2 Margin 3.00 3.50mm $ Gross YTD 2.50 3.00mm $40 15 2020 2.00 2.50mm $80 36 September 1.50 2.00mm $228 133 by 1.00 1.50mm $349 288 Grouped 0.50 1.00mm $271 343 Stores 0.00 0.50mm $12 29 <0.00mm $ $ $50 $100 $150 $200 $250 $300 $350 $400 Aggregate Store Group September 2020 YTD Gross Margin ($ in mm)
September 2019 YTD Sales by Store Group # of Stores >=4.40mm $4,944 589 4.20 4.40mm $86 20 4.00 4.20mm $58 14 3.80 4.00mm $74 19 3.60 3.80mm $67 18 3.40 3.60mm $63 18 Sales 3.20 3.40mm $39 12 YTD 3.00 3.20mm $37 12 2.80 3.00mm $29 10 2019 2.60 2.80mm $24 9 2.40 2.60mm $52 21 2.20 2.40mm $46 20 2.00 2.20mm $57 27 September 1.80 2.00mm $46 24 by 1.60 1.80mm $34 20 1.40 1.60mm $12 8 1.20 1.40mm $4 3 Grouped 1.00 1.20mm $1 1 0.80 1.00mm $ Stores 0.60 0.80mm $ 0.40 0.60mm $ 0.20 0.40mm $0 1 0.00 0.20mm $ <0.00mm $ $ $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 Aggregate Store Group September 2019 YTD Sales ($ in mm) September 2019 YTD 4 Wall EBITDA(1) by Store Group # of Stores >=0.70mm $497 388 0.60 0.70mm $40 61 EBITDA 0.50 0.60mm $32 58 Wall 0.40 0.50mm $26 59 4 YTD 0.30 0.40mm $28 81 2019 0.20 0.30mm $18 70 September 0.10 0.20mm $11 69 by Grouped 0.00 0.10mm $2 35 Stores (0.10) 0.00mm ($0) 13 <(0.10)mm ($12) 12 ($100) $ $100 $200 $300 $400 $500 $600 Aggregate Store Group September 2019 YTD 4 Wall EBITDA ($ in mm) (1) 4 Wall EBITDA is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs. Monthly 4 Wall EBITDA numbers do not reflect certain allocations made only on an annual basis. September 2019 YTD Operating Profit(1) by Store Group # of Stores >=0.70mm $760 520 0.60 0.70mm $35 53 Profit 0.50 0.60mm $25 47 Operating 0.40 0.50mm $24 54 YTD 0.30 0.40mm $24 69 2019 0.20 0.30mm $14 58 September 0.10 0.20mm $5 31 by 0.00 0.10mm Grouped $0 5 Stores (0.10) 0.00mm ($0) 4 <(0.10)mm ($9) 5 ($100) $ $100 $200 $300 $400 $500 $600 $700 $800 Aggregate Store Group September 2019 YTD Operating Profit ($ in mm) (1) Operating Profit is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs.
September 2019 YTD Controllable Expense(1) by Store Group # of Stores 390 >=0.80mm $445 77 Expense 0.70 0.80mm $58 0.60 0.70mm $48 74 76 Controllable 0.50 0.60mm $42 56 YTD 0.40 0.50mm $26 2019 54 0.30 0.40mm $19 100 September 0.20 0.30mm $26 by 0.10 0.20mm $3 18 Grouped 0.00 0.10mm $0 1 Stores <0.00mm $ $ $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 Aggregate Store Group September 2019 YTD Controllable Expense ($ in mm) (1) Controllable expenses include store salaries, facilities expenses and utilities expenses, among others. September 2019 YTD Noncontrollable Expense(1) by Store Group # of Stores >=0.80mm $357 296 Expense 0.70 0.80mm $65 87 0.60 0.70mm $59 90 Noncontrollable 0.50 0.60mm $42 77 YTD 0.40 0.50mm $39 88 2019 0.30 0.40mm $29 82 September 0.20 0.30mm $25 101 by 0.10 0.20mm $4 24 Grouped 0.00 0.10mm $0 1 Stores <0.00mm $ $ $50 $100 $150 $200 $250 $300 $350 $400 Aggregate Store Group September 2019 YTD Noncontrollable Expense ($ in mm) (1) Noncontrollable expenses include expenses relating to marketing, display, maintenance and repairs, among others. September 2019 YTD Gross Margin by Store Group # of Stores >=4.00mm $614 119 3.50 4.00mm $213 57 Margin 3.00 3.50mm $314 97 Gross 2.50 3.00mm $343 124 YTD 2019 2.00 2.50mm $267 119 September 1.50 2.00mm $199 114 by 1.00 1.50mm $121 95 Grouped 0.50 1.00mm $94 117 Stores 0.00 0.50mm $1 4 <0.00mm $ $ $100 $200 $300 $400 $500 $600 $700 Aggregate Store Group September 2019 YTD Gross Margin ($ in mm)